Analysis:
Structure is still bearish, we didnt get a rally into key bearish resistance so it doesnt look so good for bulls. Flow cycle is bottoming but because this is not something to nail easily there might be another leg down. Also we are relatively close to key volatility cycle area which i marked on a chart. In conclusion there is a bit of a mix situation, structure preasure to the downside, options to the upside (i want to see actual bullish sentiment as last two sessions were bearish from a session start).
Strategy Status:
Trend following: short 4520 (Sept. 7)
Pattern: none.
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